User talk:Have Gun, Will Travel

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Hello Have Gun, Will Travel! Welcome to Wikipedia! Thank you for your contributions. You may benefit from following some of the links below, which will help you get the most out of Wikipedia. If you have any questions you can ask me on my talk page, or place {{helpme}} on your talk page and another Wikipedian will show up shortly. Please remember to sign your name on talk pages by clicking or by typing four tildes "~~~~"; this will automatically produce your name and the date. If you are already loving Wikipedia you might want to consider being "adopted" by a more experienced editor or joining a WikiProject to collaborate with others in creating and improving articles of your interest. Click here for a directory of all the WikiProjects. Finally, please do your best to always fill in the edit summary field. Also welcome to the Taxation WikiProject. Happy editing! Morphh (talk) 01:58, 11 January 2007 (UTC) Getting Started Wikipedia Tutorial • The five pillars of Wikipedia How to: edit a page • upload an image Getting Help Frequently Asked Questions Where to ask questions or make comments Request administrator attention Policies and Guidelines Neutral point of view • Reliable sources Verifiability • Citing sources • No original research What Wikipedia is not • Biographies of living persons Manual of Style • Three-revert rule • Sock puppetry Copyrights • Fair use • Image use policy External links • Spam • Vandalism Deletion policy • Conflict of interest • Notability The Community Community Portal • Adopt-a-user program Assume good faith • Civility • Etiquette No personal attacks • Resolving disputes Build consensus • Village pump Signpost • IRC channels • Mailing lists Things to do Be bold in editing • Help develop an article Pages needing attention • Peer review Join a WikiProject • Translating articles Cleaning up: General • Spam • Vandalism Miscellaneous Categories • Disambiguity • Stubs User pages • Talk pages Useful templates • Tools • User scripts

[edit] Request for ordinary income tax article

You could put a request in on WikiProject Taxation Article requests. I saw your changes and I wasn't familar with that term but I guess it comes down to capital gains and everything else. I thought maybe stating "Personal income tax rates" may be a better title for the retitled section then "Ordinary income tax rates". The article created would need to be something that we could actually create an article on and not just a definition of "Income that does not qualify as a capital gain - wages, interest, dividends, and net income from a business..." as Wikipedia is not a dictionary. Morphh ^(talk) 04:21, 11 January 2007 (UTC)

Well Ordinary income tax rates are defined by IRS. Basically IRS defines two types, Ordinary and capital gains (short term capital gains are the same as ordinary, so the distinction cited here Capital gains#Long term vs. short term is one of those obsolete redundancies that make the law confusing). Succinctly put, ordinary income derived from wages is subject to FICA tax, whereas many other types of income such as capital gains, rents, royalties, dividends, interest are not. Yet all are "income tax". And the 7.65% (or 15.3 if self employed) FICA tax is the killer. Also, with the AMT issues on the burner, this distinction now probalby needs to be clarified. Thanks. Have Gun, Will Travel 04:32, 11 January 2007 (UTC)

Also, I made the change here [1]

Seems you a bit about it - why don't you create the article. :-) Go for it - just click on that red link and start typing. Start with a definition as above and then we can break it down into different aspects. Add a {{tax-stub}} tag at the bottom of the article and a {{WikiProject Taxation}} tag to the talk page. Morphh ^(talk) 05:19, 11 January 2007 (UTC)